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Jan 30, 2013
01/13
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steve weiss. anybody want to make i don't kn want it bet on the ceo leaving or staying and the all of the rest of that and 9 paperwork going on. that seems to be what this is about as much as anything. i look to so many other names, eog, going through the list of names in the space that i think you have a much better feel of the stock. >> wait a minute. this is a stock that's been loved by a lot of people, a company that's been talked about for an awfully long time and it seemed to be that only thing overhanging this was people afraid to get in because of the mclendon overhang. >> two overhangs. you are looking at production that's come on-line from shale plays, natural gas. that put a cap on the stock. >> we are not always right and pete will show us how to manage a losing trade. right, pete? >> that's right sf. >> change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy.
steve weiss. anybody want to make i don't kn want it bet on the ceo leaving or staying and the all of the rest of that and 9 paperwork going on. that seems to be what this is about as much as anything. i look to so many other names, eog, going through the list of names in the space that i think you have a much better feel of the stock. >> wait a minute. this is a stock that's been loved by a lot of people, a company that's been talked about for an awfully long time and it seemed to be...
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Jan 1, 2013
01/13
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even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch with him, never wanted to see him. [ticking] >> coming up, steve jobs delays cancer surgery. >> how could such a smart man do such a stupid thing? >> you know, i think that he kind of felt that if you ignore something, if you don't want something to exist, you can have magical thinking, and it had worked for him in the past. >> more steve jobs when 60 minutes on cnbc returns. [ticking] >> the cancer that eventually killed steve jobs was discovered accidentally. while he was being checked for kidney stones back in 2004, a cat scan showed a shadow on his pancreas that
even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch...
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adam: steve hayes, let me ask you and pick up where kim was just speaking the national federation of independent businesses estimate 75% of small business which we know is the powerhouse, the dynamo of job creation in this country, 75% count their taxes the way that it is called the pass-through or the flow-through. essentially they're the people who get caught by the income tax inease. so this deal that the republicans have agreed to, have ey sold out small business or is this the best they can get to protect small business? >> well, look, the deal is going to be a bad deal no matter what happens. it was always going to be a bad deal no matter what happens because the circumstances that led to the creation of the super-committee and failure and sequester. all this was going to be bad from the beginning but i think the idea of raising taxes right now, i'm not in favor of raising taxes anytime, raising taxes now when the economy is failing to sort of get off the ground is a terrible idea. of course it is going to hurt small businesses whether you set the threshold of 250,000 or 450,00
adam: steve hayes, let me ask you and pick up where kim was just speaking the national federation of independent businesses estimate 75% of small business which we know is the powerhouse, the dynamo of job creation in this country, 75% count their taxes the way that it is called the pass-through or the flow-through. essentially they're the people who get caught by the income tax inease. so this deal that the republicans have agreed to, have ey sold out small business or is this the best they...
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Jan 1, 2013
01/13
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and here is where the nubbins of where you and steve and i part ways. it seems to me that right now wealthy people of big corporations don't have it to invest. >> i'll give you the last word. >> that means he gets the last word of the year. >> something for you to bon der. >> what is the next act for the liberal democrats like you? >> you are going to get your pound of flesh out of rish people. but it is only going to give you so much. if we don't get serious about the spending side, you are going to have to get after the middle class. health care costs, we have to deal with health care costs. >> obamacare. you look at the websites, obamacare is going to raise taxes another trillion dollars. >> i don't care it is up to 18 percent of our gdp. >> obamacare. >> happy new year, you tax increase fiend. >> thank you. let's get back to the markets. joe bid joins us now is kelly evans and let's bring in lee mun sen. he is the author of "rigged money". can i assume that somehow we have to look past the cliff? the tax thing is going to be okay. not to my liking b
and here is where the nubbins of where you and steve and i part ways. it seems to me that right now wealthy people of big corporations don't have it to invest. >> i'll give you the last word. >> that means he gets the last word of the year. >> something for you to bon der. >> what is the next act for the liberal democrats like you? >> you are going to get your pound of flesh out of rish people. but it is only going to give you so much. if we don't get serious about...
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Jan 30, 2013
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melissa: steve, last word. real quick. we don't have time. >> of course health care entitlements are the big problem. simon why did we create a new trillion dollar health care entitlement? that didn't make a lot of sense. we can't afford it. when you talk about negatives for the economy i think obamacare is one of them. >> i will come back and debate that in the future. melissa: thanks to all three of you coming on. hope you come be ba. you're all fantastic. >>> time for the fuel gauge report. mixed economic data from the u.s. and europe led to choppy oil trading futures. it managed to rise for the third straight session, now at the highest level since mid-september, settling 97.94 a barrel. >>> more than a thousand commercial barges are backed up on the mississippi river. oil is still leaking from two barges that slammed into a bridge near vicksburg, mississippi on sunday. no oil is spotted outside the containment area according to cleanup crews, thank goodness. the coast guard says a timeline for fully reopening the wate
melissa: steve, last word. real quick. we don't have time. >> of course health care entitlements are the big problem. simon why did we create a new trillion dollar health care entitlement? that didn't make a lot of sense. we can't afford it. when you talk about negatives for the economy i think obamacare is one of them. >> i will come back and debate that in the future. melissa: thanks to all three of you coming on. hope you come be ba. you're all fantastic. >>> time for...
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Jan 26, 2013
01/13
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melissa: steve, are you that gracious? >> no, i wouldn't be that gracious. i give him a "d" -- melissa: oh, oh, a "d"! >> a generous "d," and i see what sigh san is saying in that i think the strength was he was more an ideolog, a strength, but he has to answer for the dramatically escalating debt that took place while he was treasury secretary. the fact that the president didn't take it very seriously, and then his comment to paul ryan i thought was a telling one saying to paul ryan we don't have a definitive solution to the problem, but we don't like yours. you got to have solutions if you're the secretary of treasury. melissa: tim, what do you think? can you cut it in the middle. we have an a and a d, what do you give him? >> actually, i feel right in the best place. i give him a c-plus, better than average, better than average. he had a tough job over the last four years, and i'm not sure anybody could have scored an "an," even though my colleagues think so. at the start, he didn't start well or end well. the stimulus package at the beginning of the admi
melissa: steve, are you that gracious? >> no, i wouldn't be that gracious. i give him a "d" -- melissa: oh, oh, a "d"! >> a generous "d," and i see what sigh san is saying in that i think the strength was he was more an ideolog, a strength, but he has to answer for the dramatically escalating debt that took place while he was treasury secretary. the fact that the president didn't take it very seriously, and then his comment to paul ryan i thought was a...
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Jan 3, 2013
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steve liesman, last thought to you. >> rick is absolutely right. there is no fed member predicting a 6.5% employment rate in 2013, even very few into 2014 so that's the first thing. the second thing is we have to push bernanke. bernanke and the fed have to come forward and give us a better metric for what will keep qe in place. what does substantial improve in the in the labor market mean. it's clear that the market is very ses sucseptibeptembe -- su now. do i believe that the bulk of the board is in favor of keeping qe in place for the bulk of this year. >> hardly a huge selloff with this word out today, but, steve, thanks for stepping back in. gentlemen, thank you all for your thoughts. we'll see you later as well. >> now let's get out to bob pins who rode the wave of yesterday's rally and was on the floor when the fed hit news about an hour ago. what's reaction? >> let's take a look at dow. look, this has been a great day for the market. very quiet digestion on the big gains yesterday, a little bit on either side of positive or negative is reall
steve liesman, last thought to you. >> rick is absolutely right. there is no fed member predicting a 6.5% employment rate in 2013, even very few into 2014 so that's the first thing. the second thing is we have to push bernanke. bernanke and the fed have to come forward and give us a better metric for what will keep qe in place. what does substantial improve in the in the labor market mean. it's clear that the market is very ses sucseptibeptembe -- su now. do i believe that the bulk of the...
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Jan 19, 2013
01/13
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maybe this was going on with steve jobs and i wasn't paying attention. >> yeah. neil: there is not a lot of there there, or as much there as there used to be. >> look everything liz and rob has said is true but, in my opinion way overblown. i would compare this to the position that the united states was in after world war two when we had something like, i don't know, 50 or 70% of the world's gdp. that wasn't going to last. apple's position in smart phones and tablets and computer isn't going to last. there are going to be others. that doesn't mean they're not cool anymore. doesn't mean they're not profitable anymore. by the way, we're going to measure them not on whether or not they come out with the next cool smartphone which they led five, six years ago but whether or not they come out with the next cool thing. so it's been about three years since their last cool thing. that was the ipad. >> what is that cool thing? apple tv, the margins there will be really, really thin to make money off of apple tv. listen i spent a lot of time on forums and apple blogs and t
maybe this was going on with steve jobs and i wasn't paying attention. >> yeah. neil: there is not a lot of there there, or as much there as there used to be. >> look everything liz and rob has said is true but, in my opinion way overblown. i would compare this to the position that the united states was in after world war two when we had something like, i don't know, 50 or 70% of the world's gdp. that wasn't going to last. apple's position in smart phones and tablets and computer...
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Jan 17, 2013
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take texas congressman steve stockman. he replaced ron paul and is making noise about impeaching the president. it's his second go around in congress. in '94 he was considered far to the right. now he fits in with some of these people. it says a lot how far they have come. >>> finally let me finish with a need for republicans again to choose sides. the wild bunch or the posse? this is "hardball," the place for politics. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >>> coming up monday, president obama will deliver his second inaugural address as president. four years ago in his first address, the president paid tribute to the historic nature of his election. >> this is the meaning of our liberty and our creed why men and women
take texas congressman steve stockman. he replaced ron paul and is making noise about impeaching the president. it's his second go around in congress. in '94 he was considered far to the right. now he fits in with some of these people. it says a lot how far they have come. >>> finally let me finish with a need for republicans again to choose sides. the wild bunch or the posse? this is "hardball," the place for politics. [ man ] ring ring... progresso this reduced sodium soup...
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Jan 18, 2013
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lou: steve? >> well, i don't disagree with what he is saying, i don't like language, like the gun lobby as if they are the enemy or the cause of newtown, and i don't like the accusation that president obama wants to take away people's guns, there is good ideas on both sides, let's have a little bit more of practical problem solving in washington, we ought to have guards in every school, our children are vulnerible. lou: the president will be app poe flect tick yoflect tick you. >> you are right. >> we're out of time. >> also good too. thank you very much steve, thank you monica crowley, heavy duty, thank you. michael goodwin thank you, that is it for us, be with us tomorrow, for tonight, good night from new york.
lou: steve? >> well, i don't disagree with what he is saying, i don't like language, like the gun lobby as if they are the enemy or the cause of newtown, and i don't like the accusation that president obama wants to take away people's guns, there is good ideas on both sides, let's have a little bit more of practical problem solving in washington, we ought to have guards in every school, our children are vulnerible. lou: the president will be app poe flect tick yoflect tick you. >>...
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Jan 10, 2013
01/13
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is that gone with steve jobs? >> well, what steve wozniak beliefs, when steve jobs passed a lot of people that created innovation with apple left the company and, but they were there to be with jobs. so the end result, what's left isn't capable of innovating like jobs innovated. the other issue though is recognize that porsche, doesn't compete with market share with volkswagen. they're different models. premium brand compete for margin, not for volume. so as apple looks at samsung, says oh, my god they're taking market share, that is exactly wrong. that is the wrong battle. melissa: if they're looking at margin they're doing exactly the wrong thing all across the board because having cheaper iphone reminds me of the ipad mini. >> breaks the margin. melissa: get people buying mini, smaller, easier cheaper. then you don't go out and buy an ipad. they're cannibalizing their own market. >> exactly right. they're chasing samsung instead of forcing samsung to chase them. that is how samsung beat sony. they forced sony t
is that gone with steve jobs? >> well, what steve wozniak beliefs, when steve jobs passed a lot of people that created innovation with apple left the company and, but they were there to be with jobs. so the end result, what's left isn't capable of innovating like jobs innovated. the other issue though is recognize that porsche, doesn't compete with market share with volkswagen. they're different models. premium brand compete for margin, not for volume. so as apple looks at samsung, says...
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Jan 24, 2013
01/13
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steve jobs died in october of 2011. now, if, and this is a big if, because betting against apple never paid off for anybody, but this apple does have some issues now. turned out to be longer term. are they tim cook's fault or steve jobs? he's rolling out his products, keeping his view. everything. >> well, to a certain extent, but tim cook isn't steve jobs. the job that -- steve jobs' job, there you go, was a very difficult act to follow and he had an advantage and that was in each case, he was pioneering a new product category from nothing. where as tim cook is in mature markets and he's having to carry those products further, deeper in. where steve would say, oh, to heck with that, let's just start something new and he'd start a new wave over and over and over again. the problem here is the warren buffett problem. apple is having trouble finding markets big enough to enter. >> still to come, the pentagon plans to open new doors to women in the military. meaning women actually fighting on the front line. and manti te'o
steve jobs died in october of 2011. now, if, and this is a big if, because betting against apple never paid off for anybody, but this apple does have some issues now. turned out to be longer term. are they tim cook's fault or steve jobs? he's rolling out his products, keeping his view. everything. >> well, to a certain extent, but tim cook isn't steve jobs. the job that -- steve jobs' job, there you go, was a very difficult act to follow and he had an advantage and that was in each case,...
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Jan 8, 2013
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an economist with ftn financial joins us and steve liesman, our senior economics reporter. you worried, what are you thinking here? >> you know the problem is we're already starting to see the consequences and specifically we saw that in the quarters leading up to the fiscal cliff discussion, and really this is just another reminder, another round reminding the american people and the world just how much of an imbalance this u.s. u.s. economy has become with out-of-control government spending and removing any incentive for businesses to invest in the u.s. economy. these are different conversations. when we talk about the government shutdown as a result of breaching the cliff, this is on obligations already made, dollars already spent. the conversation that we need to have or include here is reining in future spending which is what the republicans are trying to do at this point. >> what do you think, steve? have we already seen damage to the economy with all this uncertainty and questions surrounding the debt ceiling and the fiscal cliff, or is there a point that you believe
an economist with ftn financial joins us and steve liesman, our senior economics reporter. you worried, what are you thinking here? >> you know the problem is we're already starting to see the consequences and specifically we saw that in the quarters leading up to the fiscal cliff discussion, and really this is just another reminder, another round reminding the american people and the world just how much of an imbalance this u.s. u.s. economy has become with out-of-control government...
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Jan 30, 2013
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melissa: steve, thank you for your time. >> sure thing. melissa: next on "money," violent protests in egypt, the critical passageway for oil supplies could be at risk. we'll explain. plus, it tastes so good, but that grocery store frozen pizza, is it toxic for your body? one says the california pizza kitchen is delibately poisenning consumers. i don't know. we have the details. piles of "money," but no frozen pizza though. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: we have breaking news on chez peek energy's ceo. going to adam. >> the retirement from chez peek of audrey
melissa: steve, thank you for your time. >> sure thing. melissa: next on "money," violent protests in egypt, the critical passageway for oil supplies could be at risk. we'll explain. plus, it tastes so good, but that grocery store frozen pizza, is it toxic for your body? one says the california pizza kitchen is delibately poisenning consumers. i don't know. we have the details. piles of "money," but no frozen pizza though. ♪ [ male announcer ] how could switchgrass...
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Jan 11, 2013
01/13
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steve liesman is here with an interesting take. steve? >> reporter: thanks, maria. geithner will stay at treasury until january 25th. unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to take given that he was intimately involved in bank rescue operations over the past several years? and what kind of job could he take in the post-crisis world and still be eligible to come back into government if he wanted? fed chairman ben bernanke, he's expected to move on after his term expires in 2014, and geithner would clearly be someone the president would consider. according to sources, geithner wouldn't want the job but the president has
steve liesman is here with an interesting take. steve? >> reporter: thanks, maria. geithner will stay at treasury until january 25th. unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider...
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steve israel was on your network earlier today. he said as much, it is nice to give it as a concession, but i frankly wanted it to be a higher level. diane feinstein said the same thing, chuck schumer, there is a huge amount of democrats that don't want taxes to kind of rise on this upper middle class that makes between 200 and $400,000, this is the circle they run with. this is not a cave, a kind of fake cave in that sense. >> okay, well, "huffington post" chief, ryan grim, thank you. >> thank you. >> we'll be back on the apparent deal to avoid the fiscal cliff. you are watching "msnbc" the place for politicings milissa e . >>> welcome back to "msnbc" coverage of the plan on the fiscal cliff. the nation is scheduled to go off the cliff at midnight, eastern time. the senate bill is being worked on right now. and lawmakers may try to vote on it sometime tonight. the house, meanwhile, is scheduled to remain adjourned until noon tomorrow. house minority leader nancy pelosi released a statement just minutes ago saying in part "when a f
steve israel was on your network earlier today. he said as much, it is nice to give it as a concession, but i frankly wanted it to be a higher level. diane feinstein said the same thing, chuck schumer, there is a huge amount of democrats that don't want taxes to kind of rise on this upper middle class that makes between 200 and $400,000, this is the circle they run with. this is not a cave, a kind of fake cave in that sense. >> okay, well, "huffington post" chief, ryan grim,...
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Jan 7, 2013
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but steve, let's talk about the uncertainty ahead. steve leisman, you've got the debt ceiling talks, a lot of people expect a big fight here. what do we need to know and focus on on the impact on stocks? >> the first is the disagreement over whether or not we're going to reach an employment level that will allow the government to stop buying assets. this time last year the fed was predicting an unemployment rate for the fourth quarter of the next year or 2012. that was up almost a percentage point higher than it ended up being. so the fed was too pessimistic about unemployment. if you do get a fast improvement in unemployment, then the fed may end up stopping easing faster than the market believes. the second thing we're finding out is a growing concern on the federal reserve about the exit strategy and the kind of impact it would have on the fed's balance sheet. if higher rates forces to take losses. and the kind of payments it will have to make to banks on interest on reserves. those are two things. on the debt ceiling, i guess i ju
but steve, let's talk about the uncertainty ahead. steve leisman, you've got the debt ceiling talks, a lot of people expect a big fight here. what do we need to know and focus on on the impact on stocks? >> the first is the disagreement over whether or not we're going to reach an employment level that will allow the government to stop buying assets. this time last year the fed was predicting an unemployment rate for the fourth quarter of the next year or 2012. that was up almost a...
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Jan 4, 2013
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steve, the fundamental side, what do you think of the retailers? >> i think credit suisse has it wrong. on the lulu lemon side, they have a higher revenue per square foot of their stores than any company in the world except for apple. so this is an incredibly successful retailer that is just getting better, and the second factor they have is they have the right demographic. the wealthy are doing very well. the dow jones luxury index is at a multi-year high right now. this company caters to wealthy folks, primarily wealthy women. i think that urban outfitters, on the other hand, has exactly the wrong demographic. they are into the young hipsters. unfortunately, though, unemployment for people in their 20s right now is 11.5%. >> right. >> so selling knickknacks to hipsters for them to take home and put into their bedrooms which by the way are the bedrooms they grew up because many are unemployed or underemployed is a very poor business and that's why this stock, urban outfitters, has had a nice run later and badly underperformed in the last couple of
steve, the fundamental side, what do you think of the retailers? >> i think credit suisse has it wrong. on the lulu lemon side, they have a higher revenue per square foot of their stores than any company in the world except for apple. so this is an incredibly successful retailer that is just getting better, and the second factor they have is they have the right demographic. the wealthy are doing very well. the dow jones luxury index is at a multi-year high right now. this company caters...
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Jan 29, 2013
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. >> oh, steve, i know. >> i have to ask that question. come on. i mean, you're sitting here together. everybody is talking about it already. and this is taking place. >> you know, steve, i've got to tell you. you guys in the press are incorrigible. i was literally inaugurated four days ago. and you're talking about elections four years from now. >> and i am, as you know, steve, i am still secretary of state. so i am out of politics. and i'm forbidden from even hearing these questions. >> as steve martin would famously say excuse me. they asked to come on "60 minutes." they liked the press coverage they got today and last night. they love the fact they're talking about it or they wouldn't have done the show. it just seems to be weird on the part of the president. >> did you see the body language only hillary? that is a woman that knows that the presidency is basically hers for the taking if she wants it? who could stop her. she is as relaxed as i've ever seen her. the best thing to do is step back, get out of this job right now and spend t
. >> oh, steve, i know. >> i have to ask that question. come on. i mean, you're sitting here together. everybody is talking about it already. and this is taking place. >> you know, steve, i've got to tell you. you guys in the press are incorrigible. i was literally inaugurated four days ago. and you're talking about elections four years from now. >> and i am, as you know, steve, i am still secretary of state. so i am out of politics. and i'm forbidden from even hearing...
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Jan 14, 2013
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. >> steve jobs was terrific with marketing but lousy with puerto rico. they refused to say how ill he was or what he had. he was the ceo. that was material information. he stayed alive with cancer long enough to build up his successor and build strength so when he died the stock did not go down. john: occasionally bad news can be good for business. like the tragic killing of trayvon martin may have helped skittles. he only had a bag of skittles that was the scene of the protest that followed. >> marching with signs and skittles in honor of trayvon martin rallying wearing a hoodies and carrying skittles. john: skittles said they will not commented its import -- inappropriate to get involved. >> our condonces go out for all involved but we will not exploit this for commercial purposes. by saying that is precisely the way to do it. >> that is an example where a company over thinking that puerto rico gets in the way of word-of-mouth. there is no more powerful thing than people talking to other people. john: after michael jackson and whitney houston sales wen
. >> steve jobs was terrific with marketing but lousy with puerto rico. they refused to say how ill he was or what he had. he was the ceo. that was material information. he stayed alive with cancer long enough to build up his successor and build strength so when he died the stock did not go down. john: occasionally bad news can be good for business. like the tragic killing of trayvon martin may have helped skittles. he only had a bag of skittles that was the scene of the protest that...
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Jan 4, 2013
01/13
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let's bring in cnbc's senior economics reporter steve leisman. do my guys sitting next to me here on the set have it right? >> yeah. just about. although i will say these are early days for getting it right. do you guys remember when every jobs report came in and we filtered it through the political spectrum? that's gone. now we filter everything through the fed spectrum and fed policy. as the guys at sgh macro point out to me, the notion that the fed will have an easy exit from its policy now that it is such a huge player in the market, it has another thing coming. this is not going to be smooth. you have to be on your toes to react to any change in the fed. we did get new information yesterday. what i want to do is i want to filter the jobs report through the fed policy as we understand it. so there's two tests. we've talked a lot about this. there's the test for qe and the test for interest rates. the qe test is substantial improvement in the job market. december jobs report, little to none really when it came to that. the prior consensus was
let's bring in cnbc's senior economics reporter steve leisman. do my guys sitting next to me here on the set have it right? >> yeah. just about. although i will say these are early days for getting it right. do you guys remember when every jobs report came in and we filtered it through the political spectrum? that's gone. now we filter everything through the fed spectrum and fed policy. as the guys at sgh macro point out to me, the notion that the fed will have an easy exit from its...
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Jan 7, 2013
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both from the transition he's going through from retailer as well as former boss steve jobs. we don't now how the holiday turned out for jcpenney. one person we spoke to is very happy with how his merchandise performed at jcpenney. >> we had a stellar performance in izod at jcpenney during the holiday season. great sell throughs. we beat our plans particularly for the month of december. so we really feel very good about how that has all come together, how izod has performed at jcpenney. we love the way they look, the way the brand is presented. and the margins have been outstanding. >> no shares of online only amazon hitting record highs. in tandem today with the heavy conference connecting with the consumer on multiple screens and platforms. a number expected to release their holiday sales numbers this week. many of which invested heavily in their online department. retail investment bank president collin welch told me today he thinks many of these retailers are better off acquiring technology companies and companies that already have this expertise than building them from t
both from the transition he's going through from retailer as well as former boss steve jobs. we don't now how the holiday turned out for jcpenney. one person we spoke to is very happy with how his merchandise performed at jcpenney. >> we had a stellar performance in izod at jcpenney during the holiday season. great sell throughs. we beat our plans particularly for the month of december. so we really feel very good about how that has all come together, how izod has performed at jcpenney....
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Jan 15, 2013
01/13
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just when you thought he wouldn't channel his inner steve jobs, he has. he's come back to the stage to say one more thing. facebook has a partnership with microsoft's bing. how interesting is that? we'll see what they're doing here. if nothing fits the querrey from the graph search, you can go to the web do a web search on bing, and that is microsoft's key their there. those shares are likely to beive between now and the next couple of hours. even in the after-hours session after investors continue to die jefts the story today, which is as follows. mark zuckerberg announcing his graph search. it allows you to search for things like photos, people, places or interest. it is prohibited -- it's only going to be used for people who have shared things with you, not making it a traditional open search as we've become so accustomed to. some examples of what you might search for is people who love tennis and live nearby. you get the point. that brings the instagram purchase right into focus, i should say. take a lack what the stocks are doing now because facebook
just when you thought he wouldn't channel his inner steve jobs, he has. he's come back to the stage to say one more thing. facebook has a partnership with microsoft's bing. how interesting is that? we'll see what they're doing here. if nothing fits the querrey from the graph search, you can go to the web do a web search on bing, and that is microsoft's key their there. those shares are likely to beive between now and the next couple of hours. even in the after-hours session after investors...
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Jan 10, 2013
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but it is entirely possible that the house of representatives will approve a bill by representative steve stockman to do away with the gun-free school zones. >> and you would be happy with that? >> you are a good guesser yes, sir. >> where are they going to put them? >> well, when people carry a concealed firearm one doesn't know for sure and the element of surprise remains with the person concealed. which means that somebody thinking of doing something horrible doesn't know which person or persons might be able to arrest him. to stop him, and that is why our jurisdictions that have easy access to concealed carry firearms enjoy lower murder rates than say the gun control mecca of chicago, which does better than one murder a day. >> you are a very experienced man in your field. you have run your operation for a long time and people take you you are a leading member in the gun rights lobby. i'm going to give you one more chance before we finish to say how many gun murders you believed were in england in 2011. >> more important than the number of murders, and it doesn't matter how a murder i
but it is entirely possible that the house of representatives will approve a bill by representative steve stockman to do away with the gun-free school zones. >> and you would be happy with that? >> you are a good guesser yes, sir. >> where are they going to put them? >> well, when people carry a concealed firearm one doesn't know for sure and the element of surprise remains with the person concealed. which means that somebody thinking of doing something horrible doesn't...
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Jan 8, 2013
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steve, you like mcdonald's or yum, which one? >> definitely prefer mcdonald's of these two and i don't know who has the better wings, but the problem with the wings of yu m brand, kfc, is they are smothered in szechuan sauce because this is a china play, and although china has had a very good december, and it got the entire street bulled up on china once again, in context china had a terrible year, massively underperformed the united states last year and has in fact for ten years so despite wall street's love affair with the china story, investors have been punished on the whole for investing in china, and i think we're seeing that right now in yum brands. today no position in yums but this morning based on the very poor price action this week. >> you would put new money to work then on which one right here? >> i'm saying mcdonald's. much prefer mcdonald's because of two factors. one, much less exposure to china than does yum and the second issue, mcdonald's is a safer stock because it has a much higher dividend yield, 70% higher
steve, you like mcdonald's or yum, which one? >> definitely prefer mcdonald's of these two and i don't know who has the better wings, but the problem with the wings of yu m brand, kfc, is they are smothered in szechuan sauce because this is a china play, and although china has had a very good december, and it got the entire street bulled up on china once again, in context china had a terrible year, massively underperformed the united states last year and has in fact for ten years so...
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Jan 26, 2013
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it's the big movie coming out about apple and steve jobs. seems the cult of mac is very much alive thanks to the premiere of this film about steve jobs, the man himself played by ashton kutcher. >> this is freedom to create and to do and to build and artists, individuals. >> you're overreacting. even if you were developing this for freaks like us, and i doubt you are, nobody wants to buy a computer, nobody. >> how does somebody know what they want if they've never even seen it? >> i think it looks pretty good. >> it does look good. >> people were so fascinated with steve jobs and his whole life and fascinated with ashton kutcher. >> you know what? i've read steve wozniak, the other character in the scene wrote in and said, first, that never happened. it'd be good this is an entertaining movie -- no, no, he is, i'm just reporting. he says, first of all, we never dressed like professionals, i was never in a tie because we were kids and we saw the pictures from that era, they weren't. but it's really entertaining thus far, and he says that some
it's the big movie coming out about apple and steve jobs. seems the cult of mac is very much alive thanks to the premiere of this film about steve jobs, the man himself played by ashton kutcher. >> this is freedom to create and to do and to build and artists, individuals. >> you're overreacting. even if you were developing this for freaks like us, and i doubt you are, nobody wants to buy a computer, nobody. >> how does somebody know what they want if they've never even seen...
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Jan 16, 2013
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republican steve stockman going as far he would go as far to the white house, and file articles of impeachment. >> the president and the second amendment, also understands limits what can be achieved with congressional action, which is why he's calling on congress. >> and obama uses kids as hume shields and wrote letters from knewtown and bring them up there to show of sport from the president to do something about guns. >> i think the republican party right now is having an identity problem. there's also a dark, a dark vein of intolerance in some parts of the party. what do i mean by that? what i mean by that is they still sort of look down on minorities. >> i disagree with general powell's assessment of the republican party today. we have a work to do on a number of issues, i don't think that has anything to do with tolerance. >> a new warning about the united states and our credit rating as the debt battle kicks into high gear. we have to pay our bill and the republican congress have two choices they can act responsibly and pay america's bills or they can act irresponsibly and put america t
republican steve stockman going as far he would go as far to the white house, and file articles of impeachment. >> the president and the second amendment, also understands limits what can be achieved with congressional action, which is why he's calling on congress. >> and obama uses kids as hume shields and wrote letters from knewtown and bring them up there to show of sport from the president to do something about guns. >> i think the republican party right now is having an...
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Jan 4, 2013
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that's where we find our steve liesman with a special guest. steve? >> yeah, bill. it is true. it's always perfect here. it's the second time i've been out here, and you're right. it's been perfect. unfortunately, the world's economies are not perfect, and i'm joined by the chief economist for the international monetary fund. thanks for joining us. >> thank you. >> let's talk about the united states, jobs report this morning, a fiscal cliff deal. we're growing about 2%. first of all, your thoughts on the issue of deficits and austerity here in the united states. >> i think that's the main issue. that goes back to what's called the fiscal cliff until this week. we'll have to find a different name for this t, what was done this week was important. devoted to a really extreme fiscal consolidation which would have killed the recovery, but most of the work remains to be done, and i think that not only is it important for it investment we need to put the debt on some sustainable path, but i think what remains is uncertainty in the u.s. about what's going to happen, and if we could cl
that's where we find our steve liesman with a special guest. steve? >> yeah, bill. it is true. it's always perfect here. it's the second time i've been out here, and you're right. it's been perfect. unfortunately, the world's economies are not perfect, and i'm joined by the chief economist for the international monetary fund. thanks for joining us. >> thank you. >> let's talk about the united states, jobs report this morning, a fiscal cliff deal. we're growing about 2%. first...
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Jan 18, 2013
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i don't know what the relationship is between the steve stockman of then and the steve stockman of today and his own party. >> and here's where i think the politics of it right now are fascinating. there's a lot of malyaability i think in the public opinion on this issue right now in the wake of newtown. and the nra has played a very strange card from that very weird lapierre presser that seemed intensely focused on joining up the most rabid members of his base to this ad they've cut with sasha and malia. i don't think the war on the atf is a broadly resonant issue in american public life -- >> but they're trying to be broadly resonant. >> but they aren't trying to be broadly resonant. and the question, it gets back to the senate republican question, does the party, dot legislators go along with that? do they recognize -- when they were sitting around capitol hill, all of them, watching wayne lapierre up on their tv screens, did they recognize how terrible that looked toefrn? do they understand that? and doe think in the post-gerrymandered 13th congress with those districts that are goin
i don't know what the relationship is between the steve stockman of then and the steve stockman of today and his own party. >> and here's where i think the politics of it right now are fascinating. there's a lot of malyaability i think in the public opinion on this issue right now in the wake of newtown. and the nra has played a very strange card from that very weird lapierre presser that seemed intensely focused on joining up the most rabid members of his base to this ad they've cut with...
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Jan 12, 2013
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neil: go ahead, steve. >> i having? about this 14th amendment issue because this is actually gaining currency, no pun intended, with respect to many people on the left saying the president has a unilateral power to raise the debt ceiling, and that is craziness. if you look at the 14th amendment, it says the full faith and credit of the u.s. debt will be honored. and, of course, it will be even if we don't pass a debt ceiling on time because the first thing that gets paid, you and i have talked about this many times, the first thing that gets paid -- neil: well, the lawyers argued that out in court, and that's what gets ridiculous. but, you know, sabrina, here's what worries me. we've already soon an effective strategy on the part of the white house to marginalize the republican house and make it sort of like the last part of the negotiating process on the cliff deal where it was take it or leave it, and you're going to look like obstructionists if you just leave it. so the house cowered and went ahead and accepted a dea
neil: go ahead, steve. >> i having? about this 14th amendment issue because this is actually gaining currency, no pun intended, with respect to many people on the left saying the president has a unilateral power to raise the debt ceiling, and that is craziness. if you look at the 14th amendment, it says the full faith and credit of the u.s. debt will be honored. and, of course, it will be even if we don't pass a debt ceiling on time because the first thing that gets paid, you and i have...
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he is one of the few cents steve jobs passed away, one of the few really big out-of-the-box thinkers. >> hard to figure that out at this point, but i would say really is is more of a mobile company than anybody realizes in five years from now it is going to be a play on two things. mobile advertising general and e-commerce. i would not be surprised if half the business over the next five to 10 years out of this company is e-commerce which generated less than 5 million. david: thank you so much. appreciate it. liz: as cyber attacks continue to hit countries, individuals and businesses, maybe even yours? "the new york times" got hit badly. the business of defending against them grows. what are you doing it right? exclusive ceo of the cyber company that business insider calls the next hot enterprise startups to watch. they were brought in to catch the bad guys. david: defense cuts a striking a blow to gdp last quarter. this quarter could be even more painful. the effects on the economy itself. find out why in which companies will be feeling it the most. liz: and one money manager who is
he is one of the few cents steve jobs passed away, one of the few really big out-of-the-box thinkers. >> hard to figure that out at this point, but i would say really is is more of a mobile company than anybody realizes in five years from now it is going to be a play on two things. mobile advertising general and e-commerce. i would not be surprised if half the business over the next five to 10 years out of this company is e-commerce which generated less than 5 million. david: thank you so...
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Jan 9, 2013
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. >> steve, where are we going from here? >> first of all, in terms of alcoa, doesn't mean anything. >> the tone matters! the tone doesn't matter? if they lay an egg, doesn't matter? >> like my grandmother said, have a little soup. can't hurt. that's the only thing that matters. take a look at the stocks not working today, some of the steel stocks, some coal stocks, you would think they would be up on alcoa. >> if they said, look, china is worse than we thought. >> right. >> not actually getting better like all of you think it is. >> go back to what they said in the past. they have gotten it wrong basically more times than right. it doesn't hurt but it doesn't really help all that much. if you take a look, the stocks are trading sympathy with it. why wouldn't mt be up and u.s. steel be up. >> steve -- >> dow up 78 points and up across the board. >> that's why it's up. >> higher but alcoa's ceo, the comments, i think shed some light. i think -- >> he was more downbeat than been in terms of tone. >> yes. to scott's point, look
. >> steve, where are we going from here? >> first of all, in terms of alcoa, doesn't mean anything. >> the tone matters! the tone doesn't matter? if they lay an egg, doesn't matter? >> like my grandmother said, have a little soup. can't hurt. that's the only thing that matters. take a look at the stocks not working today, some of the steel stocks, some coal stocks, you would think they would be up on alcoa. >> if they said, look, china is worse than we thought....
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Jan 10, 2013
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steve, i'm going to go to you. i was struck by the prolonged applause for treasury secretary tim geithner after the president thanked him. mr. lew has some big shoes to fill. mr. geithner obviously very respected on wall street and capitol hill. >> yeah, and again, sue, we will be debating the result of what was done in the early part of the financial crisis until we're both probably too old to debate. but we may be right now. who knows. >> no, we're not. speak for yourself. >> the point being is that i think it is not debatable that the earlier access taken did bring calm and were rather historic at the time and that tim geithner and the president by extension, along with hank paulson and even president george bush before him, deserve credit for bringing calm to the markets at that moment. i was struck, sue, by one thing. first of all, president obama really emphasizing the budget issues when it came to jack lew. not some of the other wisconsin ones that are thought to be his weakness. the other one was the sense
steve, i'm going to go to you. i was struck by the prolonged applause for treasury secretary tim geithner after the president thanked him. mr. lew has some big shoes to fill. mr. geithner obviously very respected on wall street and capitol hill. >> yeah, and again, sue, we will be debating the result of what was done in the early part of the financial crisis until we're both probably too old to debate. but we may be right now. who knows. >> no, we're not. speak for yourself....
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for years you worked with steve jobs and company to really encompass that at at&t. what did you learn from that experience you believe will make you more successful with digital life? >> anytime you have a phenomenal partner like apple has been to us you have to learn from that partner. what we have learned is we have to go out and be innovative all the time. we have to look at how we create customer expense that has been flawless and simple for a customer and that was the goal here, how to make of this seems complex, wearing your whole house, allowing you to control these things. our goal was to make it simple. when people see what they can do and see how easy it is to set up and use, they will be blown away by it. liz: you can unlock the door from your desk at home. thank you very much. glenn lurie of at&t. when we come back, first on fox business interview, huge in automotive audio and so much more. plus, tim baxter, first on fox business, wait until you see it, the 84-inch ultra high-definition tv. don't even ask. we will be right back from the consumer electron
for years you worked with steve jobs and company to really encompass that at at&t. what did you learn from that experience you believe will make you more successful with digital life? >> anytime you have a phenomenal partner like apple has been to us you have to learn from that partner. what we have learned is we have to go out and be innovative all the time. we have to look at how we create customer expense that has been flawless and simple for a customer and that was the goal here,...
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Jan 9, 2013
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steve jobs was absolutist. he said, you know, it has tonight best and it's very easy. walk into the store, black and white, you're done. 15 minutes you're out. now you have this other possibility. it's beginning to muddy the image. i think really from here it gets murkier and what you're seeing is the loss of the great focus of steve jobs. >> interesting. alex, is the cheap iphone a sign that a s&l going through the product cycle way too quickly, or is this just, that you know, the way things work? everything is a commodity out there, and there are a lot of products on the market. can they keep being the highest priced phone out there? >> well, you know, i agree with a lot of what roger just said. maria, we talked a long time about some of the cracks forming in the apple story. but they do have to go in this direction. there's just simply too much variety, too many price points in the android ecosystem and it really is about ecosystem, as jon just pointed out. the work with ford fusion, the work with other devices. so, apple can't stay in a single price. it has to broa
steve jobs was absolutist. he said, you know, it has tonight best and it's very easy. walk into the store, black and white, you're done. 15 minutes you're out. now you have this other possibility. it's beginning to muddy the image. i think really from here it gets murkier and what you're seeing is the loss of the great focus of steve jobs. >> interesting. alex, is the cheap iphone a sign that a s&l going through the product cycle way too quickly, or is this just, that you know, the...
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Jan 24, 2013
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i think that was clear today. >> and steve what you have to find today is a motive for susan rice or hillary clinton or president obama, or any one of them in the administration is to mislead, to actively try to prevent false facts about what happened in benghazi. and no one has ever come close to suggesting any kind of motive. >> no, i think that is absolutely right. hillary clinton demonstrated what a professional she is by saying she absolutely takes responsibility. and with the review board's work, she has gone to sort of look through this question of what ought to be a direct reporting of crises up to the secretary level. but also what has not received as much attention, she is warning there are other facilities out there today. very true on the day the tragedy occurred. people died, ambassador stevens and three other great americans died in this conflict. and we today have under-resourced defenses for other facilities. and she said we need to fix this. and those members of the gop who were launching the attacks on her, some of them have been part of the process of trying to und
i think that was clear today. >> and steve what you have to find today is a motive for susan rice or hillary clinton or president obama, or any one of them in the administration is to mislead, to actively try to prevent false facts about what happened in benghazi. and no one has ever come close to suggesting any kind of motive. >> no, i think that is absolutely right. hillary clinton demonstrated what a professional she is by saying she absolutely takes responsibility. and with the...
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congressman steve king with how president obama's mother managed to convince us all that her son was born in hawaii, not in kenya. >> i looked into that before he was sworn into the presidency. we found the microfiche of only two newspapers in hawaii, each of them had published the birth of barack obama. it would have been awfully hard to fraudulently file the birth notice of barack obama being born in hawaii. >> by telegram. i guess she neglected to consider the mother, naming her son barack husein obama might be a setback. any way, up next, these people are looney. from the 4 47% video to president obama's debate disaster in november, you're watching "hardball" the place for politics. argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees a
congressman steve king with how president obama's mother managed to convince us all that her son was born in hawaii, not in kenya. >> i looked into that before he was sworn into the presidency. we found the microfiche of only two newspapers in hawaii, each of them had published the birth of barack obama. it would have been awfully hard to fraudulently file the birth notice of barack obama being born in hawaii. >> by telegram. i guess she neglected to consider the mother, naming her...
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Jan 29, 2013
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and i regret that my friend steve did not ask a tough follow-up question. anyway, don't forget free market capitalism is the best path to prosperity. you know, we can fit in immigration reform in to free market capitalism and help our country and help mexico and help latin america. i'm kudlow, we'll be right back. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. >>> welcome back, everybody. why is it that a very good reporter like steve croft couldn't ask tough questions of president obama and hillary clinton to find out the real narrative about that tragic night in benghazi, libya, when the ambassador and three other americans were killed? why can't we get this good journalistic coverage? here now is dan gainor. dan, welcome back. look, i've known steve croft for a while and i know he's a good journalist. but he didn't ask follow-up questions, he let hillary and obama get away with it. and we still do not know what happened that night in benghazi.
and i regret that my friend steve did not ask a tough follow-up question. anyway, don't forget free market capitalism is the best path to prosperity. you know, we can fit in immigration reform in to free market capitalism and help our country and help mexico and help latin america. i'm kudlow, we'll be right back. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. >>> welcome...
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Jan 4, 2013
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something i think our steve liesman will address with our next guest. traders here on the floor be talking about minutes from the fed's last meeting. it shows that some policy makers want to slow or stop their asset purchase plan before the end of the year. will 2013 be the year of rising rates? our steve liesman is at the american economic association's annual meeting in beautiful san diego, california with president james bullard. take it away, steve. >> finally we have this at a good place. thanks for joining me. >> thank you. we finally have a nice place to have this. >> there is a lot of news to talk about. let me ask you about the take on the job's report this morning. >> i think it is steady as she goes. we have a reasonably good jobs number today and came in line with expectations. i think is very consistent with an economy growing at about 2%, maybe better. and hopefully we will see some improvement on these numbers in 2013. >> there's two tests for fed policy. quantitative easing test looks like it is substantial improvement in the labor marke
something i think our steve liesman will address with our next guest. traders here on the floor be talking about minutes from the fed's last meeting. it shows that some policy makers want to slow or stop their asset purchase plan before the end of the year. will 2013 be the year of rising rates? our steve liesman is at the american economic association's annual meeting in beautiful san diego, california with president james bullard. take it away, steve. >> finally we have this at a good...
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Jan 24, 2013
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the big story here is that steve cohen is in davos. cheryl: raising money? shaking hands? >> good point. as we know, as we were first to report, they are expecting massive redemptions amid the investigations as well as the criminal probe into the fund managers where cohen was involved, though, it's unclear whether he knew inside information was passed around. that's what's going on. it's clear that the government wants to make a case criminal and civil against cohen, and fcc capital. here's what they are saying, particularly about the civil case. the civil case resulted in a wells notice saying the staff intends to charge the target. the target here is sac, and if they settle, it's going to be a big fine, and they are telling investors, and the questions come up rapidly and a lot as that redemption date where people can pull money at approaches. i think it's february 15th. saying, listen, we are cooperating. we have responded to their wells notice. they are saying that they are not in settlement negotiations, not yet. they have responded. cheryl: that would be premature, w
the big story here is that steve cohen is in davos. cheryl: raising money? shaking hands? >> good point. as we know, as we were first to report, they are expecting massive redemptions amid the investigations as well as the criminal probe into the fund managers where cohen was involved, though, it's unclear whether he knew inside information was passed around. that's what's going on. it's clear that the government wants to make a case criminal and civil against cohen, and fcc capital....
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Jan 29, 2013
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amazon, like i said, with steve at, with bezos --. david: jeff bezos at the helm. there is nobody like him. in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built in. not like we didn't know about this. that is like the general market. we see the things out in the forefront. investors and traders are not reacting like they normally would when they see the top line and follow-up data. they're looking at the stock. looking at what could potentially happen. i think this is priced in. david: joe, thanks. we'll see you in a couple of minutes when the s&p futures close. thanks. liz: well at this year's consumer electronics show you know we tried ou
amazon, like i said, with steve at, with bezos --. david: jeff bezos at the helm. there is nobody like him. in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in...